Russia: SinTZ profit down in Q1 2018

In January-March Sinarsky Pipe Works received 94 million rubles of net profit, down 6-fold YoY.

At the same time the company revenue increased by 1.5 billion rubles, to 10.45 billion rubles.

Gross profit dropped from 1.7 billion rubles to 1.2 billion rubles. (Ukrainian metal)

Russia: tungsten output down in Q1 2018

In January-March Zabaykalye region produced 290.3 tons of tungsten concentrate, down by 45.7% YoY. The decrease has to do with the drop of output volumes at Novoorlovsky Mining and Processing Works. Two companies are developing tungsten deposits in the region – Novoorlovsky GOK and Bom-Gorkhonsky Mine LLC. Novoorlovsky GOK develops and processes tungsten ore of…

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Ukraine: first energy efficient project at CGOK lowers expenses

In a year energy efficient frequency converters have allowed the Central Mining and Processing Works to save 52% of electric energy during the pumps operation. The machinery was assembled within the energy-servicing project with DTEK ESKO. In March 2017 DTEK ESKO financed and assembled 12 ABB frequency converters to automatically regulate the operation of electric…

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Ukraine: EMSS ships rolls to ABB

Energomashspetsstal has produced a batch of rolls for ABB.

The total weight of the batch is 85 tons.

The rolls will be used to produce electric engines.

The companies have been cooperating for over 10 years. (Ukrainian metal)

Ukraine: state mines not to get state guarantees

The Cabinet of Ministers has postponed the decision to provide state coalmines with state guarantees on their loans of 1 billion UAH.

According to the Prime Minister Vladimir Groysman, this issue will be addressed later.

State guarantees should have been given to the Mine named after Surgay, Pervomayskugol, Lvivugol, Toretskugol and Selidovugol. (Ukrainian metal)

Russia: MMK receives IT Leader award

Magnitogorsk Iron and Steel Works (MMK) was recognized in the Ferrous Metallurgy category of the XVI national annual IT Leader awards. The expert jury gave high praise to MMK’s large-scale project aimed at updating the software infrastructure of MMK Group, comprising more than 60 companies. The IT Leader awards have been held since 2002 and…

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Azerbaijan: metallurgical output up in January-April 2018

Goods worth 274 million manats were produced by metallurgical industry and enterprises manufacturing finished metal products in January-April, reads a report of the country’s State Statistics Committee. The report says the output of metallurgical industry increased by 14.2%, while the manufacture of finished metal products grew 2.2-fold. Azerbaijan produced 97,800 tons of fittings, up by…

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Russia: ZEMZ masters new steel product manufacture

Zlatoust Electrometallurgical Works has mastered the technique to produce round rods of heat-resistant chromium-nickel-manganese steel of EP750-SH grade.

The rods have the diameter of 85-160 mm.

It should be noted that the first batch of EP750-SH steel rods was produced back in December 2017. (Ukrainian metal)

Russia: coal and ferrous metals throughput in seaports up in January-April 2018

In January-April the throughput of Russian seaports totaled 260.1 million tons, up by 3.7% YoY.

According to the Association of Sea Trade Ports of Russia, coal throughput grew by 3.4%, to 49 million tons, and ferrous metals – by 11.1%, to 10.8 million tons. (Ukrainian metal)